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《大行報告》匯豐研究降百勝中國(09987.HK)目標價至400.1元 維持較低盈利預期
匯豐研究發表報告,維持對百勝中國(09987.HK)較低的盈利預期,在市場競爭下,今年是具有挑戰的一年,將今年至2026年的純利預測下調,不過相信股東回報將會支持股價表現,預料在競爭緩和時,投資者會得到回報,維持其「買入」評級,目標價由521元下調至400.1元。 報告指,雖然行業增長強勁,內地主要假期出行需求亦佳,但市場競爭將會保持激烈,限制短期盈利上升空間。在匯兌不變下,維持2023至2026年收入的複合年增長預測為9.2%,但2024年、2025年及2026年的純利預測,分別下調9.9%、12.1%及12.9%,以反映較保守的利潤率預測。(cy/u) ~
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